A property consisting of both water lot and upland sold recently for $250,000. Based on comparable upland sales and other data, the upland portion of the sale was valued at $220,000. Therefore, the water lot portion of the subject sale was calculated to be $30,000. What water lot valuation technique is this?

Answer rating: 100% (QA)

The water lot valuation technique described here is known as the Allocation Method or ... View the full answer